"The sad part about the constant QEing from the EUR and US nations is that it passes all this fake money to banks who will lend it ut at much higher rates to MR & MRS poor family\small businesses, therefore transferring that inescaple debt on debt to these poor sods (eventually, you and I but hopefully not"
If the money is fake, go and tell MR/MRS not to accept it on any terms, specially on loan because for each debtor there must be a creditor including in the form of those Mr/Mrs that own bank shares or interest bearing bank deposits.
And if you dislike the credit multiplier ask for your representative in Parliament to help you to ban fractional banking and instead of that for the Reserve Bank to print a few more tons of fake money so that the amount of credit require by the economy may not contract and send Mr/MRS and eventually you and the rest of us to the dole queue.
FML Price at posting:
5.1¢ Sentiment: None Disclosure: Not Held
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